Acquired · restoration planning
Laura Street Trio
Downtown Jacksonville, FL
Becovic won the Old Florida National Bank, the Bisbee Building and the Florida Life Building at auction in August 2026 and plans a hotel, restaurants and apartments.
Multifamily development in Indiana and Florida, and historic restoration in Jacksonville
Becovic Development builds new Class A apartment communities and restores historic buildings. The team works from the corporate headquarters in Jacksonville. When a new community is finished, Becovic Development hands it to Becovic Management Group to lease and run.
Adaptive reuse of the Laura Street Trio
The Laura Street Trio stands at the corner of Forsyth and Laura: the Old Florida National Bank, better known as the Marble Bank, the Bisbee Building and the Florida Life Building. All three went up in the years after the 1901 fire that burned most of Jacksonville, and they have been empty for decades.
Becovic bought the Trio at a court-ordered foreclosure auction in August 2026. The Residences at Barnett, which Becovic already owned, stands across Laura Street. Becovic plans a hotel, restaurants and bars, and apartments on the upper floors.
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Four properties within a few blocks
The Barnett, The Carling, 11 East and the Trio stand within a few blocks of one another, and Becovic owns all four. The development team plans them together: apartments on the upper floors, cafés and restaurants at street level, and a hotel in the Trio.
One team handles the amenities, parking, service routes and ground-floor tenants for all four. Becovic’s corporate headquarters is a block away, on the twenty-ninth floor of 50 N Laura Street.
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New construction in Indiana and Florida
Becovic Development builds new communities too. Alder & Main Residences in New Palestine and The Preserve at Gap Creek in Bradenton are in development, and the pipeline includes sites on North Mass Ave in Indianapolis and Gate Parkway in Jacksonville.
The team builds to the standard Becovic Management Group runs to: top-of-market finishes and sustainable products, in communities Becovic plans to own and manage itself.
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Development capabilities
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Adaptive reuse
Converting historic towers, from the structural assessment to the certificate of occupancy.
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Ground-up multifamily
Site selection, entitlement, design and delivery of Class A communities.
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Historic tax credits
Structuring and compliance for federal and state historic rehabilitation programs.
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Mixed-use programming
Ground-floor retail, restaurants and hotel rooms built into residential buildings.
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Capital markets
The Jacksonville team structures the debt and equity for each project.
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Operational handoff
Becovic Development schedules the handoff to Becovic Management Group from the start of each project.
- Downtown Jax landmarks
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- Active & pipeline projects
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- States in development
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Active and pipeline projects
In development
Alder & Main Residences
New Palestine, IN
A ground-up community in New Palestine, east of Indianapolis, planned around a walkable main-street frontage.
In development
The Preserve at Gap Creek
Bradenton, FL
Becovic’s newest Florida community, and its first Preserve community on the Gulf coast.
Pipeline
Connect at the Box Factory
North Mass Ave, Indianapolis, IN
An adaptive-reuse and infill project connecting the North Mass Ave neighborhood to the industrial block at its edge.
Pipeline
Gate Parkway
Jacksonville, FL
A site for a new apartment community on Gate Parkway, on Jacksonville’s Southside.
Pipeline
The Luxe at Noma
Indianapolis, IN
Mixed-use residential next to Becovic’s NOMA commercial holdings.
Becovic Development
The other five companies
More at
becovicmgmt.com/development
Becovic Development posts its news and contact details at becovicmgmt.com/development.